Period close in the extended enterprise transitions with intensive processes through ledger\sub-ledger close, data loads, data mapping, and the consolidations, reconciliations, tax, treasury and reporting essential to achieve financial close. Timely results delivered on a daily or weekly basis provide control of compliance and truth while the business conducts audit, analysis and regulatory functions. Oracle’s Financial Close Suite integrates existing:
- consolidation administration
- governance, risk and compliance
- tax provisioning
- data assurance
- document filing and administration
- financial and management reporting
- enterprise resource planning
in automated and managed close that finance users can manage in sustainable accurate and auditable processes.
As ARM and FCM extend the Oracle Fusion Middleware SOA Suite for EPM System products, an experienced resource is recommended to navigate the layers of compexity and challenges to creating an effective FCM/ARM implementation alongside the usual Oracle EPM products.
Having recent and comprehensive experience with implementing Oracle Hyperion Financial Close Suite, I am enthusiastic about the dynamic opportunity for addressing regulatory, compliance and reporting challenges with this solution.
This post is part one of a primer on FCM implementation.
Please contact me directly for more information, as The Hackett Group has extensive recent success in implementing FCM/ARM for our clients.